Initiates Coverage on Bridgeline Digital (NASDAQ:BLIN)

Equities researchers at began coverage on shares of Bridgeline Digital (NASDAQ:BLINGet Rating) in a research report issued to clients and investors on Friday. The firm set a “hold” rating on the software maker’s stock.

Separately, TheStreet lowered Bridgeline Digital from a “c-” rating to a “d” rating in a research report on Wednesday, February 15th.

Bridgeline Digital Stock Performance

Shares of NASDAQ:BLIN opened at $1.12 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $11.67 million, a price-to-earnings ratio of 112.11 and a beta of 2.22. The firm’s 50-day moving average is $1.11 and its 200 day moving average is $1.27. Bridgeline Digital has a 12 month low of $0.97 and a 12 month high of $2.18.

Bridgeline Digital (NASDAQ:BLINGet Rating) last posted its earnings results on Tuesday, December 20th. The software maker reported ($0.05) EPS for the quarter. Bridgeline Digital had a net margin of 1.17% and a return on equity of 0.95%. The firm had revenue of $4.21 million for the quarter, compared to analysts’ expectations of $4.18 million. Research analysts predict that Bridgeline Digital will post -0.12 EPS for the current year.

Insider Buying and Selling at Bridgeline Digital

In other Bridgeline Digital news, CEO Roger E. Kahn bought 60,659 shares of the stock in a transaction on Wednesday, March 8th. The shares were purchased at an average cost of $1.14 per share, with a total value of $69,151.26. Following the completion of the transaction, the chief executive officer now directly owns 728,111 shares of the company’s stock, valued at approximately $830,046.54. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 6.24% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Bridgeline Digital stock. Renaissance Technologies LLC grew its position in Bridgeline Digital, Inc. (NASDAQ:BLINGet Rating) by 28.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 326,200 shares of the software maker’s stock after purchasing an additional 72,341 shares during the quarter. Renaissance Technologies LLC owned about 3.23% of Bridgeline Digital worth $623,000 as of its most recent SEC filing. Institutional investors own 19.40% of the company’s stock.

About Bridgeline Digital

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Bridgeline Digital, Inc is an information technology company. It engages in the development of web engagement management product platform and related digital solutions. The firm also enables its customers to maximize the performance of their mission critical websites, intranets, and online stores. Its platform provides Web Content Management, eCommerce, eMarketing, Social Media management, and Web Analytics.

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